Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
December 27, 2017

Has been a great performer for many years. They have one of the best networks in North America. They benefited from having the best operations in North America. Has been a great compound of value in the long term. Owns Canadian Pacific (CP-T) instead. They both offer similar exposure. Good stock to own for the long term, but probably not the best opportunity to buy at this point given the rebound in economic growth and rail volumes.

Has been a great performer for many years. They have one of the best networks in North America. They benefited from having the best operations in North America. Has been a great compound of value in the long term. Owns Canadian Pacific (CP-T) instead. They both offer similar exposure. Good stock to own for the long term, but probably not the best opportunity to buy at this point given the rebound in economic growth and rail volumes.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$104.090
Owned
No
COMMENT
COMMENT
December 27, 2017

Likes it very much. Had been under some pressure. CEO Hunter Harrison passed away a few weeks ago. Bought in and agreed with the transformation Hunter brought to CSX. The remaining executive team led by James Foote now are going to carry on the transformational plan.

CSX Corp (CSX-Q)
December 27, 2017

Likes it very much. Had been under some pressure. CEO Hunter Harrison passed away a few weeks ago. Bought in and agreed with the transformation Hunter brought to CSX. The remaining executive team led by James Foote now are going to carry on the transformational plan.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$55.140
Owned
Yes
DON'T BUY
DON'T BUY
December 27, 2017

Has had a fantastic year, mostly driven by strong free cash flow growth coming off of their 787 program. Doesn’t think now is a good time to buy in. Stocks has doubled over the last year which is really unusual for a mega cap like this one. Better to look elsewhere. Aerospace isn’t an area where they are invested heavily in at this time.

Boeing (BA-N)
December 27, 2017

Has had a fantastic year, mostly driven by strong free cash flow growth coming off of their 787 program. Doesn’t think now is a good time to buy in. Stocks has doubled over the last year which is really unusual for a mega cap like this one. Better to look elsewhere. Aerospace isn’t an area where they are invested heavily in at this time.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$295.620
Owned
No
SELL STRENGTH
SELL STRENGTH
December 27, 2017

Linamar (LNR-T) vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

Linamar Corp (LNR-T)
December 27, 2017

Linamar (LNR-T) vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$73.800
Owned
No
SELL STRENGTH
SELL STRENGTH
December 27, 2017

Linamar (LNR-T) vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

Magna Int'l. (A) (MG-T)
December 27, 2017

Linamar (LNR-T) vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$72.110
Owned
Yes
SELL STRENGTH
SELL STRENGTH
December 27, 2017

Linamar (LNR-T) vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

Martinrea (MRE-T)
December 27, 2017

Linamar (LNR-T) vs Magna (MG-T) vs Martinrea (MRE-T) Has a small position in Magna (MG-T) which is the largest of the three. At this point in the auto cycle in North America, would be very hesitant about adding more. Thinks the bump up in number of vehicles in North America is plateauing. Very cyclical. You can see earnings and cash flow really degrade quickly rapidly. It’s one he would be careful and look for opportunities to sell on strong.

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$16.390
Owned
No
TOP PICK
TOP PICK
December 27, 2017

Industrial gas business. They manufacture and distribute industrial gases. In the mists of regulatory approval for merger with Linde AG a big European peer. Looking at applying their best in class operational expertise to their new acquired target. Will gain visibility in the acquisition as we move through 2018. And then 2019 really turns into an integration year where we start to see the benefits of the combined entity. They’ve owned this through this year, but they would still buy it today given the attractiveness they see from the acquisition. (Analysts' Price target $163.50.)

Praxair Inc (PX-N)
December 27, 2017

Industrial gas business. They manufacture and distribute industrial gases. In the mists of regulatory approval for merger with Linde AG a big European peer. Looking at applying their best in class operational expertise to their new acquired target. Will gain visibility in the acquisition as we move through 2018. And then 2019 really turns into an integration year where we start to see the benefits of the combined entity. They’ve owned this through this year, but they would still buy it today given the attractiveness they see from the acquisition. (Analysts' Price target $163.50.)

Geoff Scott
Institutional Portfolio Manager, Cambridge Global Asset Management
Price
$154.190
Owned
Yes